What is an income-contingent repayment plan?
23 June 2009
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From Stafford Student Loan and Private Student Loan News Blog:
An income-contingent monthly payment will be based on your annual income (and that of your spouse if you’re married), your family size, and the total amount of your Direct Loans.
Borrowers have 25 years to repay under this plan, the unpaid portion will then be forgiven. However, you may have to pay income tax on the [...]
Read the whole article originally published in: Stafford Student Loan and Private Student Loan News Blog.
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